Investor Presentation - INDIVA · Fully Licensed LP with attractive revenue growth profile Clear strategic vision and path to profitability driven by new products, production growth,

InvestorPresentation Q3 2020

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TSXV: NDVA I OTCQX: NDVAF


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Forward- Looking Statement

The information contained herein,

together with any amendments or

supplements and any other information

that may be furnished by the Company,

includes forward-looking information.

Such information is based on assumptions

as to future events that are inherently

uncertain and subjective. The Company

makes no representation or warranty as

to the attainability of such assumptions,

including the completion of financing

or as to whether future results will occur

as projected. It must be recognized that

the projections of the Company’s future

performance are necessarily subject to

a high degree of uncertainty, that actual

results can be expected to vary from the

results projected and that such variances

may be material and adverse. Prospective

investors are expected to conduct

their own investigation with regard to

the company and its prospects. This

presentation does not constitute an offer

to sell or a solicitation of an offer to buy

any security.

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Cannabis edibles leader#1 Market share (Bhang Chocolate).

Revenue growth driven by new SKUs and new product introduction in 2020 (Wana Gummies).

1,200%+ year-on-year and 25% sequential revenue growth to $2.5 milion.

Distribution in place across eight provinces and one territory

Fully Licensed LP with attractive revenue growth profileClear strategic vision and path to profitability driven by new products, production growth,

expanding distribution channels and contract manufacturing.

Experienced management team Leadership team with decades of experience in CPG operations, finance, business development,

marketing, consumer packaged goods, and distribution.

Why Invest

Capitalization

Basic Shares . . . . . . . . . . . . . . . . 108.3mm

Warrants . . . . . . . . . . . . . . . . . . . . . . 27.9mm

Options . . . . . . . . . . . . . . . . . . . . . . . . . 7.4mm

Convertible Debenture . . . . 14.3mm

Fully Diluted Shares

Outstanding . . . . . . . . . . . . . . . . 157.9mm

Balance sheet

Cash (June 30, 2020) . . . . . . $1.4mm

Debt (June 30, 2020) . . . . . $8.7mm

Management and Insider

Ownership . . . . . . . . . . . . . . . . . . . . . . . . . 14%

Market Cap . . . . . . . . . . . . . . . . . . . $29mm

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The Case For Edibles

Total addressable cannabis market of $7-10 billion in Canada

Edibles market share likely to mirror mature markets in the U.S.

Gummies and Chocolates make up 75% of the edibles category

Edibles Market Share in Mature Markets

Edibles Category Breakdown

COLORADO COLORADO

CALIFORNIA CALIFORNIA

Flower Concentrate Edibles

Pre-roll Accessories Other Cannabis

Flower Concentrate Edibles

Pre-roll Accessories Other Cannabis

Gummies Chocolate Other

Gummies Chocolate Other

Source: BDS Analytics, Deloitte, PBO, Headset

32.35%

36.16%

17.35%

10.61%

0.45% 1.44%

21%

20%

54%

56%

25%

24%

31.00%

44.47%

15.44%

6.49%

0.26% 1.03%

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Revenue Growth Driven By: New Product Introduction and Expanding Distribution

Chocolate

Ruby Sugar, Jewels

Flower

RECREATIONAL MARKET

PRODUCT

ON QC AB SK NS BC MB NB YK

Wana Gummies Q3 2020

Q4 2020

Q3 2020 Q3 2020 Q3 2020 Q3 2020 Q3 2020 Q3 2020

Q3 2020

Q4 2020 Q4 2020 Q4 2020 Q4 2020 Q4 2020 Q4 2020 Q4 2020

Q4 2020

Pre-rolls Q4 2020Q4 2020

Capsules Q3 2020


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F I N A N C E A N D C O R P O R A T E D E V E L O P M E N T ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––

Niel Marotta President and CEO, Director, Co-founder

Managed over $1 billion across several industries

Involved in capital raises and M&A transactions exceeding $1 billion

Jennifer Welsh, CPA Chief Financial Officer

Over 15 years of experience in senior finance roles for TSX and

TSXV-listed companies in mining and cannabis

Dave Paterson Chief Commercial Officer

Over 25 years’ experience in senior marketing and sales roles with various

consumer focused industries including professional sports, beverage

alcohol and cannabis

Jamie Riff, P.Eng Vice President of Corporate Development

Over 15 years’ experience in capital markets and

institutional sales

C O M M U N I C A T I O N S––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––

Kate Abernathy Vice President of Communications

Over 10 years of experience in corporate communications and public

relations strategy for Fortune 100 companies

C R E A T I V E & B R A N D D E S I G N––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––

Tom Borowicz Chief Brand Officer

Over 30 years of experience in marketing, branding, print/digital

advertising and design with Fortune 500 companies

O P E R A T I O N S––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––

Rob Carse Vice President of Operations

Over 20 years of experience in operations and supply chain management

in large consumer packaged goods and food manufacturing

Melissa Kurek Director of Operations

Over 15 years’ experience in commercializing products in the consumer

packaged goods industry for some of the world’s largest food,

confectionery and beverage companies

Q U A L I T Y A S S U R A N C E A N D C O M P L I A N C E

––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––

Priyanka Mehra Director of Quality Assurance and QAP

Throughout her career, Priyanka has led Quality teams in brewery,

farming, and seafood industries. Before joining Indiva, she led an east

coast Licensed Producer’s QA and Regulatory team through their product

development and full licensing process.

H U M A N R E S O U R C E S ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––

Sherry Kelly Director of Human Resources

15 years of human resources management experience including strategic

human resources planning, talent management and leadership

Talented and Experienced Team


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Q3 2017

• Receives cultivation

licence from Health

Canada

Q4 2017

• Indiva completes

RTO and trades

on TSX Venture

Exchange under

NDVA

Q1 2018

• Facility expansion to

40,000 square feet

begins

Q2 2018

• Indiva and Bhang

create manufacturing

and distribution joint

venture

• Indiva enters

exclusive licence

agreement with

DeepCell Industries

Q3 2018

• Receives sales licence

from Health Canada

• Indiva begins trading

on the OTCQX under

NDVAF

Q1 2019

• Announces

agreement with

Ontario Cannabis

Store (OCS) and

sales begin

Q2 2019

• Pre-rolls available in

licensed stores

• Receives licence

amendment and

adds additional

processing rooms

and three flower

rooms

Q3 2019

• Announces supply

agreement with

Société québécoise

du cannabis (SQDC)

• Signs agreement to

provide extraction

services to

TerrAscend

Q4 2019

• Closes non-dilutive

$11 million debt

financing*

• Receives licence

amendment to

double flower

capacity and open

new processing

space for pre-

roll and edibles

production

• Expands distribution

to six provinces

• Indiva begins

manufacturing of

edibles

• Ships pre-rolls to

Saskatchewan

• Ships pre-rolls and

flower to Quebec

Q2 2020

• Bhang Chocolate is #1

selling edible in Ontario

• Facility fully licensed as

Indiva receives amendment

from Health Canada

• Begins distribution to British

Columbia

• Announces Q1 2020

record revenue of $2.0

million representing 522%

sequential net revenue

growth

• Launches CBD chocolate

and CBD softgels

Q3 2020

• Expands distribution to

8 provinces and one

territory with Yukon Supply

Agreement

• Closed first tranche of

equity financing

• Announced Q2 2020

revenue guidance of $2.3 to

$2.8 million

• Received $1.1 million of

purchase orders for Wana

Gummies

• Senior debt maturity

extended to October 2021

• Closes $5.17 million equity

placement

• Signs distribution

agreement with CannMart

• Launches premium flower

brand: Artisan Batch

• Announces record revenue

for Q2 2020

Q1 2020

• Closes $3.1 million

convertible

debenture financing

• Ships pre-rolls to

Alberta

• Closes $1.5

million convertible

debenture financing

with W. Brett Wilson

• Receives sales

licence for extracts

and edibles

• Begins distribution

of edibles and

extracts

• Closes $8.1

million white-

label agreement

with Dycar

Pharmaceuticals

Ltd.

• Launches CannSell

education module

• Begins distribution

of products to

Manitoba

• Signs license

agreement with

Wana Brands

Appendix:

RoadmapFor Growth

2017/2018 2019 2019 2020

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Indiva’sBrands

Indiva delivers cannabis products

that delight consumers with their

quality and creativity. As the

exclusive Canadian manufacturer

and distributor of award-winning

products like Bhang® Chocolate,

Wana Sour Gummies, Ruby®

Cannabis Sugar, Sapphire™

Cannabis Salt and JewelsTM, Indiva

expects to be the national standard

for excellence in edibles.

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High-QualityProducts

At Indiva, our dedication to quality

and innovation is what sets us

apart. INDIVA™ products are

crafted with care using modern,

environmentally-conscious

techniques. INDIVA™ also

manufactures and distributes,

under licensing agreements,

award-winning cannabis brands

and products in Canada.

F L O W E R- Pre-rolls

- Dry flower

EDIBLES- Gummies

- Launching first

3 SKUs nationally

in Q3 2020


F L O W E R- Pre-rolls

- Dry flower

OG KUSHHybrid

2 pre-rolls / 2 pré-roulésNet Weight / Poids Net: 1 g

WHITE RUSSIANHYBRID



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EDIBLES- THC milk chocolate

- THC dark chocolate

- CBD milk chocolate

- CBD dark chocolate

- 50/50 caramel chocolate

EDIBLES- Infused sugar

- Infused salt

- Fruit-based

chews

Products Powered by INDIVATM

Powered by INDIVA™ products

represent that very best in quality,

creativity and consistency. Over

the past three years, Indiva has

partnered with award-winning

producers of premium cannabis

products. Through partnerships

and exclusive license

agreements, Indiva marries its

expertise in production with the

proven recipes and processes of

its partners.



Powered by INDIVATM

Powered by INDIVATM


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FullyLicensedProductionFacility


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INVESTOR RELATIONS CONTACT INFORMATION

Niel Marotta, President & CEO

T: 519-649-6686 • E: [email protected]

www.indiva.com

@indivalife

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Documents

Investor Presentation - INDIVA · Fully Licensed LP with attractive revenue growth profile Clear strategic vision and path to profitability driven by new products, production growth,